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STOCKS: Banks battered as growth concerns intensify; DAX breaks key level

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    European stocks have been battered this morning, with banks taking the brunt of the sell-off. Sentiment continues to remain downbeat because of growing concerns about the global economy, which is not looking healthy at all at the moment with growth in China slowing down and the US struggling. In addition, oil prices have been unable to further extend their recent gains and are now down for the third consecutive session with WTI trading at $30 a barrel again. It looks like oil traders are once

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